FSA To Probe Banks’ Interest-Rate Swaps Sales

The U.K. Parliament’s Treasury Select Committee has asked the Financial Services Authority to investigate the sale of interest rate swaps for possible mis-selling.

20 Jun 2012

The U.K. Parliament’s Treasury Select Committee has asked the Financial Services Authority to investigate the sale of interest rate swaps for possible mis-selling. The FSA said it will focus on HSBC, Lloyds Banking Group, the Royal Bank of Scotland and Barclays, which account for 95% of the swaps’
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